Middle East: Industrial Fatty Alcohols Market 2024

Industrial Fatty Alcohols Market Size in the Middle East

In 2022, the Middle Eastern industrial fatty alcohols market increased by X% to $X, rising for the fourth year in a row after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Industrial Fatty Alcohols Production in the Middle East

In value terms, industrial fatty alcohols production expanded remarkably to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Industrial Fatty Alcohols Exports

Exports in the Middle East

In 2022, the amount of industrial fatty alcohols exported in the Middle East surged to X tons, jumping by X% compared with the previous year. Overall, exports showed a significant expansion. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, industrial fatty alcohols exports rose remarkably to $X in 2022. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia represented the key exporter of industrial fatty alcohols in the Middle East, with the volume of exports recording X tons, which was near X% of total exports in 2022. It was distantly followed by Turkey (X tons), creating a X% share of total exports.

Saudi Arabia was also the fastest-growing in terms of the industrial fatty alcohols exports, with a CAGR of X% from 2012 to 2022. At the same time, Turkey (X%) displayed positive paces of growth. While the share of Saudi Arabia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Turkey (X p.p.) displayed negative dynamics.

In value terms, Turkey ($X) and Saudi Arabia ($X) appeared to be the countries with the highest levels of exports in 2022.

Among the main exporting countries, Turkey, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the export price saw a abrupt decrease. The pace of growth appeared the most rapid in 2021 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Saudi Arabia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%).

Industrial Fatty Alcohols Imports

Imports in the Middle East

In 2022, approx. X tons of industrial fatty alcohols were imported in the Middle East; dropping by X% against the previous year's figure. Overall, imports, however, showed notable growth. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The volume of import peaked at X tons in 2021, and then declined markedly in the following year.

In value terms, industrial fatty alcohols imports fell markedly to $X in 2022. In general, imports, however, saw strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then declined rapidly in the following year.

Imports by Country

Iran represented the key importer of industrial fatty alcohols in the Middle East, with the volume of imports reaching X tons, which was near X% of total imports in 2022. Turkey (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by the United Arab Emirates (X%). Israel (X tons) followed a long way behind the leaders.

Imports into Iran increased at an average annual rate of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%) and Turkey (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. Israel experienced a relatively flat trend pattern. While the share of Turkey (X p.p.), Iran (X p.p.) and the United Arab Emirates (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest industrial fatty alcohols importing markets in the Middle East were Iran ($X), Turkey ($X) and the United Arab Emirates ($X), with a combined X% share of total imports.

The United Arab Emirates, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, rising by X% against the previous year. Import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, industrial fatty alcohols import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of import peaked in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :